What about Brexit and financial institutions?

The exit of the United Kingdom (UK) from the European Union (EU) is fast approaching. On 22 November 2018, it was announced that the EU and the UK had reached ‘an agreement in principle’ on their relationship after Brexit. On 25 November 2018, the 27 EU heads of government voted in favour of the agreement, which makes this day a landmark in the history of the EU. The deal still has to be agreed in the UK parliament amid considerable opposition, however. Jeremy Corbyn, the Labour Party leader, has expressed his view that the agreed deal is “the worst of all worlds”. The agreement provides no absolute certainty, particularly not for the long term. Brexit will have an impact on all businesses that operate internationally, including those companies operating in the financial services industry. 

Lous Vervuurt, lawyer at Buren, wrote an ExpertBriefing for Financier Worldwide. The article discusses certain financial regulatory aspects of Brexit, in particular for smaller financial institutions. Read the article on Financier Worlwide about the agreed Brexit deal